Stay updated with the latest bankruptcy news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on bankruptcy topics.
NEW DELHI: On Tuesday, April 7, 2026, Netflix finally pulled back the curtain on the most scandalous chapter in modern board games with the release of "Untold: Chess Mates".For 74 minutes, the documentary dissects the 2022 controversy that erupted when Niemann defeated Carlsen at the Sinquefield Cup, which prompted the Norwegian to withdraw from the tournament the following day while issuing a cryptic social media post of manager Jose Mourinho saying, "If I speak, I'm in big trouble." It suggest ...Read More >
Vedanta had approached the court seeking a stay on Adani Enterprises' Rs 14,500-crore resolution plan. In a setback to Vedanta Group, the Supreme Court on Monday declined to stay the implementation of Adani Enterprises' resolution plan for debt-ridden Jaiprakash Associates Ltd. A bench, led by Chief Justice (CJI) Surya Kant, noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no r ...Read More >
The CBI is actively investigating the Reliance Anil Ambani Group for alleged bank loan frauds totalling a staggering ₹73,000 crore, with the Supreme Court closely monitoring the progress of the investigation. Photograph: Prashant Waydande/ReutersKey PointsThe CBI is investigating the Reliance Anil Ambani Group for bank loan frauds amounting to ₹73,000 crore.The Enforcement Directorate (ED) is investigating the Reliance Anil Ambani Group and has seized documents related to a purported 'Projec ...Read More >
New Delhi [India], April 6 (ANI): The Supreme Court on Monday restrained the monitoring committee or any concerned stakeholder from taking any major policy decision regarding the implementation of the resolution plan for the takeover of bankrupt Jaiprakash Associates Limited (JAL) without prior approval of the National Company Law Appellate Tribunal (NCLAT). A bench comprising Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi also requested the NCLAT to hear Vedanta's plea on ...Read More >
New Delhi [India], April 6 (ANI): The Supreme Court on Monday restrained the monitoring committee or any concerned stakeholder from taking any major policy decision regarding the implementation of the resolution plan for the takeover of bankrupt Jaiprakash Associates Limited (JAL) without prior approval of the National Company Law Appellate Tribunal (NCLAT). A bench comprising Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi also requested the NCLAT to hear Vedanta's plea on ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement ...Read More >
New Delhi, Apr 6 (PTI) The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the ...Read More >
New Delhi/Mumbai: The Supreme Court has refused to stop Adani Enterprises' Rs 14,543 crore resolution plan for bankrupt Jaiprakash Associates Ltd (JAL). The court dismissed Vedanta's request to halt the process, allowing implementation to continue for now. However, the court said that the monitoring committee must take approval from the National Company Law Appellate Tribunal (NCLAT) before making any major decisions. Case Still Under Review The court also asked NCLAT to hear Vedanta's appeal ...Read More >
"Once the BJP realised it would lose the election, it brought back those it had expelled. On one hand, the BJP expels him (Yatnal); on the other, it brings him back, praises him, and makes him campaign. Isn't this a double standard?" he told reporters, adding that the move pointed to a "weak position" for the party. Yatnal, who was expelled after making allegations related to dynastic politics and corruption against senior BJP figures including former chief minister BS Yediyurappa and his sons ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Wednesday said the committee of creditors (CoC) will be allowed to invite land authorities to its meetings for inputs on regulatory and land-related matters under insolvency regulations, a move that could help expedite bankruptcy resolution involving hundreds of real estate projects. Replying to a discussion on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the Rajya Sabha, Sitharaman said the changes limit the scope of adjudicatio ...Read More >
New Delhi, Apr 1 (PTI) The Opposition in the Rajya Sabha criticised the government on Wednesday for frequent amendments to the Insolvency & Bankruptcy Code, significant haircuts, alleged favouritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, alongside increasing backlogs before the tribunal. The Rajya Sabha was debating the Insolvency and Bankruptcy Code (Amendment) Bill, 2026. The bill has proposed 12 amendments to the Insolvency & Bankruptcy Code (IBC), ...Read More >
New Delhi, Mar 31 (PTI) Mining billionaire Anil Agarwal's Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group's offer. In its petition challenging the lenders' decision to accept Adani's takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross value terms and roughly Rs 500 crore more in net present value compared to the Adani Group's offer. In the bid ch ...Read More >
NEW DELHI, March 31 (Reuters) - Indian billionaire Anil Agarwal is challenging fellow tycoon Gautam Adani's winning bid for a bankrupt real estate giant in the Supreme Court, intensifying the fight over a $4 billion pool of prized assets that includes the country's only Formula One track. Agarwal's Vedanta has mounted a legal challenge over a creditor committee's decision to award the assets of Jaiprakash Associates (JAIA.NS), opens new tab to Adani, a portfolio that includes homes, power, ceme ...Read More >
New Delhi: The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at accelerating insolvency resolutions and strengthening India's bankruptcy framework. Piloting the Bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the proposed 12 amendments will help maximise value for stakeholders, improve governance, and address persistent delays caused by litigation. A key provision mandates that insolvency applications be admitted within 14 days ...Read More >
New Delhi: Finance and corporate affairs minister Nirmala Sitharaman on Monday said the decade-old insolvency law has been instrumental in improving the health of the country's banking sector by rescuing stressed firms and ensuring recovery of bad loans, as the Lok Sabha passed a bill to amend the legislation. Replying to a discussion on Insolvency and Bankruptcy Code (IBC) Amendment Bill, 2025, in the lower house, Sitharaman said it rolls out new resolution frameworks, stipulates strict timeli ...Read More >
'After some days, the decision was changed. Don't want to go into the details. That is for the right forum,' says Anil Agarwal, chairman of Vedanta Resources. Anil Agarwal, chairman of Vedanta Resources Limited, on Sunday said the company had been declared the highest bidder for Jaiprakash Associates Ltd (JAL), but the outcome of the insolvency process was subsequently altered. In a post on X, Agarwal said the bidding process was conducted through a public auction by the committee of creditors ...Read More >
The Bombay High Court has affirmed the Prevention of Money Laundering Act's (PMLA) supremacy over debt recovery laws like SARFAESI and RDB Acts in cases involving the attachment of 'proceeds of crime', clarifying the legal landscape for financial institutions and individuals. Key PointsThe Bombay High Court has ruled that the PMLA has an overriding effect over debt recovery laws like SARFAESI and RDB Acts concerning the attachment of 'proceeds of crime'.The ruling clarifies that debt recovery l ...Read More >
New Delhi, Mar 30 (PTI) Mining giant Vedanta Ltd has moved the Supreme Court seeking a stay on the NCLT's order approving Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). According to the information available on the top court's website, Vedanta filed its appeal on March 25, a day after the National Company Law Appellate Tribunal (NCLAT) refused to stay implementation of the plan. Adani Enterprises Ltd., meanwhile, has also filed a caveat in the Supreme Court, requ ...Read More >
NEW DELHI, March 30 (Reuters) - India has proposed an overhaul of its bankruptcy law, including allowing financial creditors to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business. Resolutions of stressed assets in India have been delayed despite a mandated 330-day timeline under the Insolvency and Bankruptcy Code, introduced in 2016, largely due to procedural and legal hurdles. Cases often pile up for admission at the Na ...Read More >
Mumbai, Mar 30 (PTI) The Bombay High Court has ruled that Prevention of Money Laundering Act (PMLA) holds an overriding effect over debt recovery laws like SARFAESI and RDB Acts when it comes to the attachment of "proceeds of crime". In a ruling delivered on March 23, the Nagpur bench of HC set aside previous orders by the PMLA Appellate Tribunal that had favoured the rights of banks to recover debts from attached properties. The bench of Justices M S Jawalkar and Nandesh Deshpande emphasised ...Read More >
New Delhi, Dec 17 (PTI) Several non-ruling members in the Rajya Sabha on Wednesday opposed the bill to raise FDI in the insurance sector to 100 per cent and demanded that the proposed legislation be sent to a Parliamentary panel for further scrutiny. Participating in the debate on The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, moved for consideration and passage by Finance Minister Nirmala Sitharaman in the Upper House, members also objected to the title of the Bill, whic ...Read More >
Mumbai: The Bombay HC on Tuesday said it was inclined to allow human rights activist Gautam Navlakha to shift to his house in Delhi till the trial in the Elgar Parishad Maoist links case begins.Navlakha is not a "flight risk" as there have not been any instances where he tried to escape, high court said, adding he felt he was forced to stay in Mumbai and also that he was completely uprooted from his life and social circle. Navlakha was granted bail in 2023 by HC but a condition was imposed that ...Read More >
New Delhi [India], December 17 (ANI): BJP National Vice President and MP of Kendrapara, Baijayant 'Jay' Panda, on Wednesday, chaired the Select Committee on the Insolvency and Bankruptcy (Amendment) Bill 2025. The report was tabled earlier today in the Lok Sabha. Also Read | India Summons Bangladesh High Commissioner, Says It Expects Yunus' Government to Ensure Safety of Indian Mission. Under Panda's leadership, the Select Committee examined 68 amendments. Each of the amendments for the Insol ...Read More >
Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway's Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes an option for six additional vessels of the same class. The IMO Type II ships will be built at SDHI's Pipavav facility in Gujarat, India's largest shipyard by dry dock capacity, which restarted o ...Read More >
NEW DELHI: The Union govt on Monday convinced the Supreme Court to permit the department of telecom to review its demand of Rs 6,000 crore additional adjusted gross revenue demand for the FY 2016-17 on Vodafone-Idea. Chief Justice B R Gavai and Justice K Vinod Chandran was informed by solicitor general Tushar Mehta that since the previous round of litigation, in which Vodafone was ordered to pay the AGR dues, there had been a change of circumstance as the Centre has acquired a 49% stake in the c ...Read More >
Maharashtra has signed 15 agreements totaling Rs 56,000 crore for maritime projects. These investments will expand port facilities and develop shipyards. Agreements include Adani Group's Dighi port expansion and JSW Group's Jaigad port development. A water taxi service will connect Navi Mumbai airport to Gateway of India. A new marina is also planned for Mumbai. Chief Minister Devendra Fadnavis on Monday announced that Maharashtra has signed 15 agreements totalling investments of Rs 56,000 cror ...Read More >
Kolkata, Oct 25 (SocialNews.XYZ) The Trinamool Congress on Saturday slammed the BJP over its lack of outrage and studied silence on the suicide of a woman doctor in Maharashtra following repeated rape by police Sub-Inspector Gopal Badne and after being intimidated and threatened by an MP in the state. State minister Shashi Panja questioned whether the BJP has become so emotionally bankrupt that their leaders choose to ignore such a serious incident in a state ruled by their own party and its al ...Read More >
Chandigarh News: A businessman from Chandigarh has gone viral after gifting 51 luxury cars to his employees as a Diwali bonus. The video, which has taken social media by storm, shows MITS Group founder and chairman MK Bhatia handing over keys to brand-new Scorpio SUVs to his staff as a token of appreciation. According to a Dainik Bhaskar report, the grand event took place at the company's Chandigarh office, where top-performing employees were rewarded for their hard work and dedication. This is ...Read More >
CHHINDWARA/NEW DELHI, India - India has refused drugmakers' requests to extend a year-end deadline for them to upgrade their manufacturing facilities to international standards, four sources said, amid public anger over the recent deaths of at least 24 children who consumed locally-produced cough syrup. New Delhi had in late 2023 ordered pharmaceutical companies to ensure their plants meet World Health Organization-recommended standards, which would require them to invest in protocols to preven ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.